CAF Trustees welcome Big Society Capital investment in Charity Bank

From early in the 1990s, CAF incubated
lending for social purposes. This work started through
Investors in Society which then transformed into Charity Bank, the
remarkable pioneer of personal deposits used for social lending,
combining regulated banking with charitable objects. CAF provided
the core capital to establish Charity Bank, and now gladly steps
back to become a minority shareholder to facilitate this major
investment by Big Society Capital which will power rapid growth and
transform the Bank’s social impact.

CAF remains committed to providing a full
range of financial services to support the work of charities, large
and small, through CAF Bank, fundraising and investment services
and CAF Venturesome.

Dominic Casserley, Chairman of CAF Trustees
said: “For more than 20 years CAF has supported the development of
Charity Bank so it can grow and expand as an independent
organisation.

“We are delighted that Big Society Capital is
making a substantial investment in Charity Bank, which will allow
the organisation to increase greatly its support for charities and
social enterprises.

“Everyone at CAF and CAF Bank remains
committed to our mission to support the charitable sector and help
create innovative new ways of underpinning the work of charities
and other social purpose organisations. We wish Charity Bank
continuing success in the future, and as a continuing investor look
forward to supporting the bank’s growth and impact."